5630 Lowery Rd
Norfolk, VA 23502
Crown Point
HIGHLIGHTS
- HEALTHCARE REAL ESTATE – Medical Outpatient Buildings have a history of providing landlord-friendly tenants with favorable lease terms.
- VALUE-ADD OPPORTUNITY – With a 14% vacancy, this asset provides a value-add opportunity, allowing an investor to add a tenant to the rentroll.
- GROWING RENTS – Both tenants provide a 3% annual rental increase, creating a hedge against inflation and ensuring a growth of your investment dollars.
- FAVORABLE RETURN – At an 8.45% year-one cap rate, this asset is priced with today’s interest rates in mind.
- IDEAL MEDICAL LOCATION – Various hospitals are within ±1.5 miles of this location, creating an ideal position for healthcare tenants.
- AFFLUENT MARKET – The average household income is over $82,105 within a 5 mile radius from this property.
FOR SALE DETAILS
PRICE
$3,663,124 USD
PRICE/SF
$229 USD /SF
CAP RATE
8.45%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
National Derm Clinic & Surgery | 8.45% Cap
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
A
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.78 AC
LAND SF
34,055 SF
ZONING
-
APN/PARCEL ID
50000351
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847-361-4181
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847-361-4181
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